Silver Lake Files Form 144 to Sell $27.95M in Dell Technologies Stock

Form 144 Analysis: Dell Technologies Inc. ($DELL)

Transaction Overview

On October 9, 2026, Silver Lake Partners IV, L.P. filed a Form 144 notice of proposed sale for 48,655 shares of Dell Technologies Inc. Class C Common Stock, with an aggregate market value of $27,954,730.25 (implied price of ~$574.55 per share). The broker handling the disposition is Merrill Lynch, Pierce, Fenner & Smith Inc.

Acquisition Details

• Security: Class C Common Stock
• Acquisition Date: 10/09/2026
• Nature of Acquisition: Converted from Class B Common Stock originally acquired in 2016 in connection with the EMC transaction.

Prior 3-Month Dispositions

The filing discloses extensive selling activity over the prior three months across Silver Lake-affiliated funds (including Silver Lake Partners IV, Silver Lake Partners V, SL SPV-2, and related entities) as well as Dell board member Egon Durban, representing hundreds of millions of dollars in liquidated Class C common shares.

Significance & Market Impact

• Trading Significance: High
• Context: Silver Lake is one of Dell's primary private equity backers, and an executive affiliate serves on Dell's board of directors. Continued programmatic conversions and dispositions of Class B stock into Class C stock highlight sustained liquidity events by the sponsor.